Hot Pursuit
Mold-Tek Packaging Ltd announced that ICRA Limited has reaffirmed its ratings on various instruments, including Long-term – Fund -Based – Cash Credit of Rs 120.00, Long-term – Fund -Based – Term Loan of Rs 101.25, and Long-term – Unallocated Limits of Rs 6.75, all carrying the rating of [ICRA] A+(Positive), alongside reaffirming the Short-term – Non-Fund Based Limits of Rs 12.00 with a rating of [ICRA] A1; ICRA has also reaffirmed the same ratings on Long -term – Fund -Based – Cash Credit of Rs 120.00, Long -term – Fund -Based – Term Loan of Rs 101.25, and Long-term – Unallocated Limits of Rs 6.75, all with the rating of [ICRA]A+(Positive), and the Short -term – Non -Fund Based Limits of Rs 12.00 with a rating of [ICRA]A1, noting that these are subject to review; additionally, ICRA has assigned ratings of [ICRA]A1 to Bank Guarantee Limits of Rs 10.00 and Rs 2.00, rated on a Short -Term Scale, while HSBC Limited, Citibank N.A., and ICICI Bank Limited have ratings of [ICRA]A+(Positive) on Cash Credit Limits of Rs 40.00, Rs 55.00, and Rs 25.00 respectively, and Citibank N.A. has a rating on Term Loans of Rs 101.25.